Fraud held in Jashore

Members of Organised Crime unit of Criminal Investigation Department (CID) today claimed to have arrested a fraud from Jashore in connection with misappropriating Tk 15 crore.

The arrestee was identified as Md Riyazul Islam Razu, chairman of Prime Multipurpose Co-operative Society and a member of a fraud gang, reports our staff correspondent quoting Md Faruk Hosen, additional special superintendent of police and media officer, Economic Crime Squad, Organised Crime unit of CID.

The team of CID conducted a drive at Jashore’s Kotwali area and arrested him yesterday.

There are around 18 cases filed against Razu with different police stations for embezzling the money over the time period of 2010 to 2014, the official added.

Razu and his gang established the company in 2010 and operated in many places including Jashore, Satkhira, Faridpur and Kushtia.

They misappropriated huge amount of money by luring people into depositing wealth with promise of high interest, the CID official said.

CID is trying to arrest other members of the fraud gang, he added.